The most expensive house for sale in the U.S. is located in Naples, Florida, and is priced at $295 million.
The most expensive house for sale in the U.S. hit the market this week for $295 million. This property, called Gordon Pointe, spans approximately 9 acres of land in Naples, Florida, along the Gulf of Mexico in the exclusive Port Royal area.
This massive offering includes a main house of approximately 11,500 square feet with six bedrooms. Two guest houses, each over 5,000 square feet, increase the total indoor space of the estate to 22,800 square feet. All three homes are situated on a peninsula that features 1,650 feet of shoreline, a private yacht harbor, and a T-shaped dock.
However, according to agent Leighton Kandler from Corcoran, the value of this property lies not so much in the size of the three houses, but in the privacy, beach access, and the rare opportunity for large-scale development.
Candler told CNBC: "Eight houses can be built on this waterfront lot." Although the lot can be subdivided after purchase, the New York broker suggests that the buyer is more likely to keep it as a personal family compound.
Nine acres of land consist of adjacent plots, the first of which was acquired in 1985 by John and Rhodora Donahue. John Donahue was a co-founder of an investment management company headquartered in Pittsburgh, now known as Federated Hermes, which manages assets of over $758 billion, according to the firm's website.
The couple continued to buy more plots of the peninsula and didn't stop until they owned all the property. Their buying frenzy created an exclusive gated community, almost entirely surrounded by water. The only private road ensures the absence of annoying car traffic.
“You get all the benefits of the island, but your family can be isolated without feeling isolated,” said Candler.
There is also a pontoon on the property that can accommodate six yachts, as well as a private marina measuring 231 by 50 feet with a depth of nearly 8 feet, which, as Candler told CNBC, rarely receives building permits and requires coordination with the U.S. Army Corps of Engineers.
What amount will Gordon Pointe be able to raise?
According to Realtor.com, the median sale price in Port Royal is $24.1 million.
The most expensive house near Gordon Pointe in this luxurious coastal area hit the market in December for $45 million, or just under $4,300 per square foot. At the same time, an undeveloped lot of nearly 1.5 acres next to Gordon Pointe has been on sale for a year for $63 million.
“We did everything possible to assess the price of Gordon Pointe,” said Donna McKenna from Coldwell Banker Realty.
McKenna reported that the offer has already generated significant interest since the listing was posted for sale, and that eight private viewings with potential buyers have already been scheduled.
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